S&P Global (NYSE:SPGI) finalized the sale of its Enterprise Data Management (EDM) and thinkFolio businesses to private equity firm STG on Monday, concluding a divestiture aimed at sharpening the financial giant's focus on its core growth adjacencies.
The transaction, which was first announced in October 2025, closed on Jan. 12, according to a company statement.
While the financial terms of the deal were not disclosed, S&P Global noted that the sale will not have a material impact on its 2026 financial results.
Local closings in certain international jurisdictions are expected to continue over the coming months.
The move marks a further refinement of S&P Global’s Market Intelligence division.
Both EDM, a master data management platform, and thinkFolio, an investment management and order-management system, were legacy assets that provided critical workflow solutions but sat outside the company’s newly prioritized pillars of private markets, energy transition, and AI-driven analytics.
Under Chief Financial Officer Eric Aboaf, S&P Global has been increasingly active in reallocating capital.
The divestiture of these software units follows the company's $1.8 billion acquisition of With Intelligence in late 2025, a move that significantly bolstered its data coverage in the private equity and hedge fund sectors.
STG, a Menlo Park-based firm specializing in software and data analytics, is expected to operate EDM and thinkFolio as standalone entities.